教師資料查詢 | 類別: 期刊論文 | 教師: 蘇志偉SU, CHIH-WEI (瀏覽個人網頁)

標題:Money Demand Function with Asymmetric Adjustment: Evidence on BRICs
學年99
學期2
出版(發表)日期2011/07/01
作品名稱Money Demand Function with Asymmetric Adjustment: Evidence on BRICs
作品名稱(其他語言)
著者Zhu, Meng-nan;Yu, Hai-Yan; Chang, Hsu-ling; Su, Chi-wei
單位淡江大學國際貿易學系暨國際企業研究所
出版者Lagos: Academic Journals
著錄名稱、卷期、頁數African Journal of Business Management 5(14), pp.5449-5459
摘要The long-run equilibrium relationship for the money demand function in the BRICs is investigated by the asymmetrical TAR and M-TAR cointegration tests developed by Enders and Granger (1998), Enders and Siklos (2001). Empirical results indicate that real M2 money balance, real GDP, real exchange rate and deposit rate have a long term relationship under some specific threshold value. Furthermore, we apply asymmetrical error-correction models to test if the money demand of the BRICs exist any nonlinear forms which will be compared with symmetrical error-correction models. Therefore, we find that M2 money demand in the BRICs support the hypothesis of an asymmetrical error correction process and provide better interpretation of macroeconomic meanings in the demand for money.
關鍵字Money demand function;threshold autoregressive model;asymmetry adjustment;BRICs
語言英文
ISSN1993-8233
期刊性質國外
收錄於SSCI
產學合作
通訊作者Su, Chi-wei
審稿制度
國別奈及利亞
公開徵稿
出版型式紙本
相關連結
SDGs
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